Project Data Sheet

Project Data Sheets (PDS) contain summary information on the project or program: Because the PDS is a work in progress, some information may not be included in its initial version but will be added as it becomes available. Information about proposed projects is tentative and indicative.

PDS Creation Date 28 May 2007
PDS Updated as of 07 Jun 2007

Project Name KAZ: SENIOR LOAN TO BANK CENTERCREDIT
Borrower/Equity Investment Name BANK CENTERCREDIT
Country Kazakhstan
Project/Program Number 41912-014
Status Approved
Geographical Location Kazakhstan
In preparing any country program or strategy, financing any project, or by making any designation of, or reference to, a particular territory or geographic area in this document, the Asian Development Bank does not intend to make any judgments as to the legal or other status of any territory or area.
Sector and/or Subsector Classification Finance
/ Banking Systems
Strategic Agendas
Drivers of Change
Gender Mainstreaming Categories

Financing

Type/Modality of Assistance Approval Number Source of Funding Approved Amount (thousand)
PS7255Private Sector Loan
(Fully Disbursed)
50,000
TOTAL KZT 50,000

Summary of Environmental and Social Issues

Environmental Aspects
Involuntary Resettlement
Indigenous Peoples

Stakeholder Communication, Participation and Consultation

During Project Design
During Project Implementation

Description

The proposed transaction will provide a senior, unsecured loan of up to $50 million (denominated in US dollars or tenge equivalent) to JSC Bank CenterCredit (BCC), for the purpose of lending to small and medium-sized enterprises (SMEs) in Kazakhstan.1

Objectives and Scope

ADB has two main objectives for the proposed financing. The first is to foster BCC s SME financing and thus help the Government to move the economy to more influence of corporate and SME growth in the overall economy, away from the high dependence on natural resource industries. The second objective is to issue its first domestic bond in Kazakhstan and thereby establish a benchmark for AAA risk in the country and foster the development of the local bond market.

Project Rationale and Linkage to Country/Regional Strategy

Outputs and Implementation Progress

Description of Project Outputs
Status of Implementation Progress (Outputs, Activities, and Issues)
Status of Development Objectives
Material Changes

Business Opportunities

Date of First Listing
Consulting Services
Procurement
Procurement and Consulting Notices
http://www.adb.org/projects/41912-014/business-opportunities

Timetable

Concept Clearance 02 Apr 2007
Fact-finding
Management Review Meeting 01 Jun 2007
Approval 27 Jun 2007
Last Review Mission 26 Apr 2007 to 27 Apr 2007

Milestones

Approval No. Approval Signing Effectivity Closing
Original Revised Actual

Contacts and Update Details

Responsible ADB Officer Johanna L. Klein (jklein@adb.org)
Responsible ADB Department Private Sector Operations Department
Responsible ADB Divisions Capital Markets and Financial Sectors Division
Executing Agencies

Links

Project Website http://www.adb.org/projects/41912-014/main
List of Project Documents http://www.adb.org/projects/41912-014/documents